IT, media, realty, PSU banks jumped 1-2 percent.
The domestic stock market made its return continuously this week and opened strongly on Thursday. The Indian benchmark index, Sensex and Nifty open on Thursday with a positive stance. The BSE Sensex rose 500.64 points at 75,949.69 at 75,949.69 at 9.24 am and the Nifty was seen trading at a level of 147.55 points to 23055.15. This is an enthusiasm after the US Federal Reserve kept interest rates stable after overnight in Wall Street. At the start of business, all the sectoral index are trading in green mark. IT, media, realty, PSU banks jumped 1-2 percent in the latest trend.
These companies are in the news
Paras Defense has received an order of Rs 142 crore from DRDO. Suraj Estate Developers have bought land for Rs 4.75 crore. Apart from this, there is also a board meeting of the public sector Indian Bank to consider the proposal to raise funds. According to the news of Moneycontrol, the IOB will start QIP to raise Rs 2,000 crore, which has a symbolic price of Rs 40.57 per share.
American market boom
American stock markets bounced. The S&P 500 returned to the reform sector after some time falls, closing at 5,675.29 with a gain of over one percent. Dow Jones Industrial Average also gained nearly one percent and closed at 41,964.63. Nasdaq Composite made the highest jump of the day, climbing more than one and a half percent to close at 17,750.79. Asian shares rose on Wall Street after the Federal Reserve signed the scope of cutting interest rates at the end of this year, as any increase in inflation will be short -lived due to tariffs.
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